Good Morning All
a look at the daily markets data.
Asia stocks set for mixed open as China data slips. Asian equities were poised for a mixed start to the trading week after data over the weekend showed a decline in Chinese manufacturing and services sectors, denting optimism about global economic growth.
China manufacturing gauge declines from almost five-year high. China’s official factory gauge declined on lower commodity prices, clouding the outlook for sustaining the past two quarters acceleration in economic growth.
Aussie stimulus signal gives RBA even stronger case to stand pat.Australia’s central bank was already highly unlikely to shift policy at Tuesday’s meeting. Now it has even less incentive to do so. Policy makers will leave the benchmark interest rate unchanged at 1.5 percent for a ninth month, money markets bet and economists predict, after data last week showed inflation creeping higher. A day later, the government moved to give itself leeway to fund major infrastructure projects by redefining its debt — potentially adding long-overdue fiscal stimulus to the economy.
U.S. looks at sanctions, military action to counter North Korea. The U.S. is considering a range of options, from expanded economic sanctions to military operations, as it reaches out to allies in confronting North Koreaâ€™s latest provocations, according to a senior Trump administration official.
Market in Details
The Bloomberg Dollar Spot Index fell 0.14 percent in a rocky up-and-down session.
The euro gained 0.17 percent and the pound was up 0.36 percent.
The ruble strengthened as much as 0.6 percent after a bigger-than-forecast rate cut failed to reduce its carry-trade appeal.
The yield on 10-year Treasuries fell more than one basis point to 2.28 percent.
German benchmark yields rose two basis points to 0.32 percent.
The S&P 500 Index closed down 0.19 percent at 2,384.20, while the Dow Jones Industrial Average dropped 0.19 percent to 20,940.51 and the Nasdaq 100 rose 0.22 percent to 5,583.53. The small-cap Russell 200 Index sank 1.2 percent to 1,400.41.
The Stoxx Europe 600 Index slipped 0.18 percent, dropping for a second day after reaching the highest level since August 2015.
Oil climbed 0.43 percent to $49.18 a barrel, after tumbling 1.3 percent on Thursday. Crude is down nearly 3 percent this month.
Gold advanced 0.28 percent to $1,269.40. The metal rose 1.5 percent in April, its fourth monthly gain.